Effect of Democracy on log GPD per Capita, 1789-2014
            &      e1_add&      e2_add&      e3_add&      e4_add&   e1gmm_add&   e2gmm_add&   e3gmm_add&   e4gmm_add\\
            &     Model 1&     Model 1&     Model 1&     Model 1&     Model 1&     Model 1&     Model 1&     Model 1\\
Democracy   &       0.289&       0.192&       0.201&       0.188&       0.328&       0.262&       0.258&       0.266\\
            &      (0.16)&      (0.16)&      (0.15)&      (0.15)&      (0.16)&      (0.16)&      (0.15)&      (0.15)\\
log GDP, first lag&       0.987&       1.581&       1.529&       1.536&       0.983&       1.666&       1.547&       1.744\\
            &      (0.00)&      (0.26)&      (0.27)&      (0.30)&      (0.00)&      (0.29)&      (0.29)&      (0.35)\\
log GDP, second lag&       0.000&      -0.595&      -0.324&      -0.333&       0.000&      -0.685&      -0.322&      -0.627\\
            &         (.)&      (0.26)&      (0.19)&      (0.21)&         (.)&      (0.29)&      (0.21)&      (0.28)\\
log GDP, third lag&       0.000&       0.000&      -0.308&      -0.259&       0.000&       0.000&      -0.336&      -0.162\\
            &         (.)&         (.)&      (0.22)&      (0.25)&         (.)&         (.)&      (0.24)&      (0.24)\\
log GDP, fourth lag&       0.000&       0.000&       0.088&      -0.049&       0.000&       0.000&       0.093&      -0.148\\
            &         (.)&         (.)&      (0.11)&      (0.13)&         (.)&         (.)&      (0.13)&      (0.15)\\
log GDP, fifth lag&            &            &            &       0.083&            &            &            &       0.157\\
            &            &            &            &      (0.18)&            &            &            &      (0.20)\\
log GDP, sixth lag&            &            &            &      -0.231&            &            &            &      -0.183\\
            &            &            &            &      (0.09)&            &            &            &      (0.11)\\
log GDP, seventh lag&            &            &            &      -0.052&            &            &            &      -0.127\\
            &            &            &            &      (0.13)&            &            &            &      (0.15)\\
log GDP, eighth lag&            &            &            &       0.291&            &            &            &       0.328\\
            &            &            &            &      (0.11)&            &            &            &      (0.11)\\
Long-run effect of democracy&      22.579&      13.267&      14.196&      13.449&      19.007&      13.766&      14.460&      15.065\\
            &     (13.09)&     (10.89)&     (10.85)&     (11.00)&     (10.43)&      (8.72)&      (8.63)&      (8.51)\\
Effect of democracy after 25 years&       6.216&       7.886&       9.528&       5.912&       6.701&      11.091&      11.918&      13.419\\
            &      (3.40)&      (8.03)&     (12.17)&      (9.41)&      (3.37)&      (9.80)&     (13.81)&     (35.54)\\
Persistence of GDP process&       0.987&       0.986&       0.986&       0.986&       0.983&       0.981&       0.982&       0.982\\
            &      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)\\
AR2 test p-value&       12925&       12782&       12496&       11924&       12738&       12595&       12309&       11738\\
Observations&            &            &            &            &            &            &            &            \\
